The SgxNifty Future is trading at 15,310.20 up with +0.98% percent or +148.35 point. The Nikkei 225 Future is trading at 30,085.00 with +1.50% percent or +445.00 point.The Hang Seng Future is trading at 30,137.50 up with +0.56% percent or +166.50 point.
TODAY’S FACTORS AND EVENTS
The company is going to play a key role in digital transformation of Indian Railways. Company’s margins & return ratios are better compared to other telecom players in India. Company also has a strong financial position (debt free) and has been consistently paying dividends since 2008. There are no listed peers for the company.
Company has priced its issue at 21.4x PE on a FY20 trailing basis, which is quite reasonable by looking at the strong future growth rates of the company. We expect a good listing for the company. We are positive on the long term prospects of the industry as well the company, we recommend “SUBSCRIBE” to the RailTel IPO for long term as well as for listing gains.
PREVIOUS DAY ACTIVITY
WORLD MARKETS
For the day the Dow is trading at 31,458.40 up with +0.088%percent or +27.70 point. The S&P 500 is trading at 3,934.83 up with +0.47% percent or +18.45 point. The Nasdaq Composite is trading at 14,095.47 up with +0.50% percent or +69.70 point.
In other parts of world, Japan’s Nikkei 225 is trading at at 30,062.03 with 1.84%percent or +541.96 point. Hong Kong’s Hang Seng is trading at 30,173.57 up with +0.45% percent or +134.85 point. China’s Shanghai Composite is trading at 3,655.09 with +1.43% percent or +51.60 point. India’s BSE Sensex is trading at 52,112.16 up with +percent or +567.86 point at 12:15 PM.